Vocal Point Inc

Analysis

Vocal Point Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in October 1978, 48 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Vocal Point Inc reported income of $461k and spending of $350k, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $411k to $461k (+12%), an average of +2.9% a year. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vocal Point Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within GA. Charities of a similar size with the same main cause include Ahead Energy Corporation ($461k), All India Mission ($461k) and Harvest House Inc ($461k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $62k (18% of expenses). Other salaries and wages came to $196k. At year end it held assets of $613k against liabilities of $13k, net assets of $600k. It reported 8 employees.